Q2 2024 Earnings Estimate for CONSOL Energy Inc. Issued By B. Riley (NYSE:CEIX)

CONSOL Energy Inc. (NYSE:CEIX) – B. Riley decreased their Q2 2024 EPS estimates for CONSOL Energy in a report issued on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $1.90 for the quarter, down from their prior forecast of $1.97. B. Riley has a “Buy” rating and a $98.00 price objective on the stock. The consensus estimate for CONSOL Energy’s current full-year earnings is $11.02 per share. B. Riley also issued estimates for CONSOL Energy’s Q3 2024 earnings at $3.36 EPS and Q4 2024 earnings at $3.56 EPS.

CONSOL Energy Stock Performance

Shares of CEIX stock opened at $84.00 on Wednesday. The company’s fifty day simple moving average is $83.74 and its 200-day simple moving average is $94.33. CONSOL Energy has a 52 week low of $53.40 and a 52 week high of $114.30. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.49 billion, a PE ratio of 4.27 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Tuesday, February 6th. The company reported $5.05 EPS for the quarter, beating analysts’ consensus estimates of $4.28 by $0.77. CONSOL Energy had a net margin of 25.53% and a return on equity of 49.80%. The business had revenue of $649.90 million for the quarter, compared to the consensus estimate of $608.90 million. During the same quarter last year, the firm posted $3.89 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year.

Insider Activity at CONSOL Energy

In related news, CAO John Rothka sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the chief accounting officer now directly owns 13,108 shares of the company’s stock, valued at approximately $1,239,492.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On CONSOL Energy

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in CONSOL Energy during the 1st quarter worth $257,000. ProShare Advisors LLC bought a new stake in CONSOL Energy in the 1st quarter valued at about $284,000. HighTower Advisors LLC bought a new stake in CONSOL Energy in the 1st quarter valued at about $315,000. Citigroup Inc. lifted its position in CONSOL Energy by 6.3% in the 1st quarter. Citigroup Inc. now owns 29,430 shares of the company’s stock valued at $1,107,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in CONSOL Energy in the 1st quarter valued at about $1,091,000. 86.54% of the stock is owned by institutional investors and hedge funds.

About CONSOL Energy

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.